Frequency Electronics (NASDAQ:FEIM) Cut to “Buy” at StockNews.com

StockNews.com cut shares of Frequency Electronics (NASDAQ:FEIM) from a strong-buy rating to a buy rating in a research note issued to investors on Tuesday morning.

Frequency Electronics Price Performance

NASDAQ:FEIM opened at $15.75 on Tuesday. The firm has a market capitalization of $152.41 million, a P/E ratio of 19.21 and a beta of 0.41. Frequency Electronics has a one year low of $8.62 and a one year high of $20.33. The company’s 50-day simple moving average is $16.32 and its 200 day simple moving average is $14.99.

Frequency Electronics (NASDAQ:FEIM) last released its earnings results on Thursday, March 13th. The communications equipment provider reported $1.60 EPS for the quarter. Frequency Electronics had a return on equity of 21.49% and a net margin of 13.02%. The business had revenue of $18.93 million for the quarter.

Hedge Funds Weigh In On Frequency Electronics

A number of hedge funds have recently added to or reduced their stakes in the company. G2 Investment Partners Management LLC bought a new stake in shares of Frequency Electronics in the fourth quarter worth approximately $1,927,000. Marshall Wace LLP boosted its stake in shares of Frequency Electronics by 108.7% in the 4th quarter. Marshall Wace LLP now owns 101,703 shares of the communications equipment provider’s stock worth $1,884,000 after buying an additional 52,962 shares during the last quarter. Nokomis Capital L.L.C. bought a new stake in shares of Frequency Electronics in the fourth quarter worth $1,778,000. Geode Capital Management LLC grew its holdings in shares of Frequency Electronics by 26.3% in the third quarter. Geode Capital Management LLC now owns 92,451 shares of the communications equipment provider’s stock worth $1,117,000 after acquiring an additional 19,259 shares during the period. Finally, Susquehanna International Group LLP increased its position in Frequency Electronics by 204.8% during the fourth quarter. Susquehanna International Group LLP now owns 83,538 shares of the communications equipment provider’s stock valued at $1,547,000 after acquiring an additional 56,134 shares during the last quarter. 58.60% of the stock is currently owned by hedge funds and other institutional investors.

Frequency Electronics Company Profile

Frequency Electronics, Inc, together with its subsidiaries, engages in designing, development, and manufacturing of precision time and frequency control products and components for microwave integrated circuit applications. It operates through two segments, FEI-NY and FEI-Zyfer. The FEI-NY segment offers precision time and frequency control products for communication satellites, terrestrial cellular telephone or other ground-based telecommunication stations; and other components and systems for the U.S.